GameStop Corp. (NYSE:GME) has been given a consensus recommendation of “Hold” by the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $10.14.

GME has been the subject of several recent analyst reports. Robert W. Baird lifted their price objective on shares of GameStop from $14.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, January 18th. Wedbush set a $18.00 price objective on shares of GameStop and gave the stock a “buy” rating in a research report on Friday, January 18th. Jefferies Financial Group cut shares of GameStop from a “buy” rating to a “hold” rating and boosted their price target for the company from $11.50 to $13.00 in a research report on Tuesday, January 29th. Telsey Advisory Group reduced their price target on shares of GameStop from $14.00 to $11.00 and set a “market perform” rating for the company in a research report on Tuesday, January 29th. Finally, Credit Suisse Group cut shares of GameStop from a “neutral” rating to an “underperform” rating and set a $11.00 price target for the company. in a research report on Tuesday, January 29th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund purchased a new stake in shares of GameStop in the fourth quarter valued at about $39,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of GameStop in the first quarter valued at about $51,000. Investors Research Corp purchased a new stake in shares of GameStop in the first quarter valued at about $55,000. Everence Capital Management Inc. purchased a new stake in shares of GameStop in the first quarter valued at about $111,000. Finally, Magnus Financial Group LLC purchased a new stake in shares of GameStop in the first quarter valued at about $111,000. 98.68% of the stock is owned by hedge funds and other institutional investors.

NYSE:GME opened at $8.48 on Monday. The firm has a market capitalization of $867.25 million, a price-to-earnings ratio of 3.96 and a beta of 0.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.43 and a quick ratio of 0.86. GameStop has a 52 week low of $8.36 and a 52 week high of $17.27.

GameStop (NYSE:GME) last posted its quarterly earnings results on Tuesday, April 2nd. The company reported $1.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.14). The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.28 billion. GameStop had a positive return on equity of 14.49% and a negative net margin of 7.71%. The business’s revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.02 EPS. On average, sell-side analysts anticipate that GameStop will post 1.55 earnings per share for the current fiscal year.

GameStop Company Profile

GameStop Corp. operates as a multichannel video game and consumer electronics retailer in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons for use with video game hardware and software; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software, as well as collectible products.

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Analyst Recommendations for GameStop (NYSE:GME)

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